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270
Laws of Maryland
[Ch. 64
(ii) The contribution rate of each employer for whom a benefit
ratio is computed shall be as set forth in the table below, hereafter
referred to as the "table of basic rates":
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Employer's
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Employer's
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Employer's
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Basic
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Employer's
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Basic
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Benefit
|
Contribution
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Benefit
|
Contribution
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Ratio
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Rate
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Ratio
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Rate
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.0000-.0010
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0.1%
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.0181-.0190
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1.9%
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.0011-.0020
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0.2%
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.0191-.0200
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2.0%
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.0021-.0030
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0.3%
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.0201-.0210
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2.1%
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.0031-0040
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0.4%
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.0211-.0220
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2.2%
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.0041-.0050
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0.5%
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.0221-.0230
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2.3%
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.0051-.0060
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0.6%
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.0231-.0240
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2.4%
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.0061-.0070
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0.7%
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.0241-.0250
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2.5%
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.0071-0080
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0.8%
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.0251-.0260
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2.6%
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.0081-.0090
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0.9%
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.0261-.0270
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2.7%
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.0091-0100
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1.0%
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.0271-0280
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2.8%
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.0101-.0110
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1.1%
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.0281-.0290
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2.9%
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.0111-.0120
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1.2%
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.0291-.0300
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3.0%
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.0121-.0130
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1.3%
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.0301-.0310
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3.1%
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.0131-.0140
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1.4%
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.0311-0320
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3.2%
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.0141-.0150
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1.5%
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.0321-0330
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3.3%
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.0151-.0160
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1.6%
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.0331-0340
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3.4%
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.0161-.0170
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1.7%
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.0341-0350
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3.5%
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.0171-0180
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1.8%
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.0351-and over
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3.6%
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The basic rates in the above table shall apply for the fiscal year
beginning [July 1,1972 1971,] July 1, 1972, and for any fiscal year be-
ginning on or after [July 1, 1972,] July 1, 1973, when the fund bal-
ance on the computation date equals or exceeds 3% but is not in
excess of 4.5% of the total taxable wages for the immediately preced-
ing calendar year.
For any fiscal year beginning on or after [July 1, 1972,] July 1,
1973, when the fund balance on the computation date is less than
3% or equals or is in excess of 4.5% of the total taxable wages for
the immediately preceding calendar year, the rates at which employ-
ers shall be required to pay contributions shall be in accordance with
the table of basic rates, adjusted as shown in the table of basic rate
adjustments set forth below, but in no event shall an employer be
granted less than 0.1% nor more than 3.6% rate in any fiscal year.
For the purposes of this subsection, the term "fund balance" means
the total amount available for benefits in the unemployment insurance
fund, including amounts receivable by the fund as federal reimburse-
ments for sharable benefits under the "Federal-State Extended
Unemployment Compensation Act of 1970" and all amounts receiv-
able from any eligible employer who elects to reimburse the fund for
benefit charges to his account in lieu of contributions and the term
"total taxable wages" means the wages paid in a calendar year by all
employers subject to this article, which wages were subject to con-
tributions and reported to the Executive Director.
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